After hours: 7:52PM EDT
|Bid||34.96 x 1800|
|Ask||34.98 x 1000|
|Day's Range||34.02 - 34.68|
|52 Week Range||30.11 - 96.75|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||8.20|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.84 (2.50%)|
|1y Target Est||58.20|
DXC Technology (DXC) today announced the acquisition of Syscom, a leading ServiceNow partner, to extend the reach and scale of its security operations and service management capabilities. The acquisition of Syscom extends DXC’s leadership as a global ServiceNow (NOW) solutions provider.
DXC Technology's (DXC) technological expertise combined with Google Cloud's strong solutions portfolio will help enterprises to access, manage and leverage data-intensive workloads globally.
Collaboration to deliver enterprise-grade, cloud-enabled solutions on Google Cloud Platform
Shares of DXC Technology Co. rallied 4.8% in afternoon trading Monday, after the technology consulting company said it won a $666 million award in its dispute with Hewlett Packard Enterprise Co. . Under terms of the award by an arbitration panel, the $666 million will consist of $631.8 million in damages and $34.3 million in pre-award interest. In addition, the award includes post-award interest at an annual rate of 3%, compounding quarterly, until the award is paid out. Meanwhile, Hewlett Packard Enterprise shares (HPE) rose 2.4%. DXC shares have plunged 40.9% over the past three months and HPE's stock has declined 10.3%, while the SPDR Technology Select Sector ETF has rallied 5.6% and the S&P 500 has tacked on 2.4%.
The Board of Directors of DXC Technology today declared a regular quarterly dividend payment for the quarter ending June 30, 2019 of $0.21 per share on the company's Common Stock.
Morgan Stanley has identified a list of tech stocks likely to be the next takeover targets as the sector dominates M&A activity this year.
DXC Technology (DXC) was pummeled in early trading after it announced its Q1 results after the market closed on August 8. DXC’s revenue fell 7.4% YoY.
Shares of DXC Technology Co. sank 30.6% on heavy volume in afternoon trading Friday, on track for the biggest one-day selloff in 18 years, after the software company reported fiscal first-quarter earnings that topped expectations but lowered its full-year guidance, citing currency headwinds, pressure on its legacy businesses and delays in some deals. Trading volume swelled to 15.6 million shares, compared with the full-day average of about 2.3 million shares. Analyst Arvind Ramnani at KeyBanc Capital downgraded DXC to sector weight, after being at overweight the past two years. "Although DXC is seeing good growth in its digital business, revenue compression in its infrastructure business accelerated; further, there is lack of visibility of [medium-term] targets given underlying revenue pressures are secular in nature," Ramnani wrote in a note to clients. The stock, on track to close at the lowest level since May 2016, is headed for the biggest decline since the record drop of 39.6% on March 16, 2001, according to a FactSet chart that predates the 2016 merging of Computer Sciences Corp. and the services assets of Hewlett-Packard Enterprise Co. . The stock has now shed 40% over the past three months, while the SPDR Technology Select Sector ETF has gained 3.6% and the S&P 500 has tacked on 1.8%.
DXC Technology's (DXC) fiscal first-quarter results benefit from strength in digital business. However, weak traditional application services business is a headwind.
Stocks finished down in a wild session as President Trump said the U.S. would cut ties with China's Huawei Technologies until the two countries reach a trade deal.
Adjusted earnings per share will now likely be $7 to $7.75 a share for fiscal 2020, far below the average Wall Street estimate of $8.20.
President and CEO of Dxc Technology Co (30-Year Financial, Insider Trades) John M Lawrie (insider trades) bought 10,000 shares of DXC on 08/06/2019 at an average price of $49.56 a share. Continue reading...
DXC Technology Co. , a software company worth more than $13.7 billion, saw shares plunge 20% in after-hours trading Thursday after guidance was reduced, pushing the company toward a market-cap decline of almost $3 billion. DXC, which was formed by merging the services assets of Hewlett-Packard Enterprise Co. and the former Computer Sciences Corp. in 2016, reported fiscal first-quarter net income of $168 million, or 61 cents a share, on revenue of $4.89 billion. That is a decline from earnings of 90 cents a share on sales of $5.28 billion in the same quarter last year. After adjusting for an extensive list of restructuring and transaction costs, the company claimed earnings of $1.74 a share, down from adjusted earnings of $1.93 a share a year ago. Analysts on average were expecting adjusted earnings of $1.71 a share on sales of $4.86 billion, according to FactSet. While hitting targets for the first quarter, DXC also reduced its annual guidance, which Chief Executive John Lawrie said in a conference call was due to currency headwinds, pressure on its legacy businesses and delays in some deals. DXC now expects adjusted earnings of $7 to $7.75 a share for the year on revenue of $20.2 billion to $20.7 billion, after previously forecasting $7.75 to $8.50 a share on sales of $20.7 billion to $21.2 billion. DXC stock has already declined 42% in the past year, as the S&P 500 index has gained 0.9%.
DXC Technology today reported results for the first quarter of fiscal year 2020, April 1 through June 30, 2019, continuing to build momentum in digital revenue growth of 35% and digital pipeline growth of 80%.
DXC Technology's (DXC) fiscal Q1 earnings are likely to benefit from deal wins and strength in digital business. However, legacy business woes are expected to hurt results.
President and CEO of Dxc Technology Co (30-Year Financial, Insider Trades) John M Lawrie (insider trades) bought 4,500 shares of DXC on 08/02/2019 at an average price of $53.72 a share. Continue reading...